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CTS CTS

CTS Corporation is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, telecommunications/IT, and transportation markets.

Company profile

Ticker
CTS
Exchange
NYSE
Website
www.ctscorp.com
CEO
Kieran O'Sullivan
Employees
Incorporated
Indiana
Location
Illinois
Fiscal year end
Dec 31
Sector
Manufacturing > Bare Printed Circuit Board Manufacturing
Industry (SIC)
Printed Circuit Boards
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • Plexus • Kimball Electronics • Key Tronic • Sigmatron International • SMTC ...
SEC CIK
0000026058
Corporate docs
IRS number
350225010

CTS stock data

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News

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CTS Beats On Q2 Earnings, Expands Margins, Raises FY21 Guidance
27 Jul 21
CTS: Q2 Earnings Insights
27 Jul 21
Shares of CTS (NYSE:CTS) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 225.00% year over year to $0.52, which beat the estimate of $0.38.
CTS Raises FY21 Adj. EPS Guidance From $1.35-$1.70 To $1.70-$1.90 vs $1.56 Est., Raises Sales Guidance From $445M-$500M To $480M-$500M vs $490.27M Est.
27 Jul 21
2021 Guidance While management remains mindful of supply chain uncertainties, CTS is updating its 2021 guidance for sales from $445 – $500 million to $480 – $500 million, and for adjusted diluted EPS from
CTS Q2 Adj. EPS $0.52 Beats $0.38 Estimate, Sales $129.60M Beat $121.86M Estimate
27 Jul 21
Earnings Scheduled For July 27, 2021
27 Jul 21

Press releases

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CTS Announces Second Quarter 2021 Results
27 Jul 21
LISLE, Ill., July 27, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) today announced second quarter 2021 results. Sales were $129.6 million, up 54% year-over-year. Sales to transportation customers increased 88%,
CTS Corporation Announces Dates for Second Quarter 2021 Earnings Release and Conference Call
12 Jul 21
LISLE, Ill., July 12, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release earnings for the second quarter 2021 at approximately 8:00 a.m. (EDT) on Tuesday, July 27, 2021. A conference call to discuss
Cheniere Appoints Patricia K. Collawn and Lorraine Mitchelmore to Board of Directors
1 Jul 21
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021.
CTS Corporation Board of Directors Authorizes New Share Repurchase Program and Declares a Dividend
13 May 21

Calendar

27 Jul 21
4 Aug 21
31 Dec 21

Financial summary

Financial statements Chart CTS financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from CTS earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 117.4M 117.4M 117.4M 117.4M 117.4M 117.4M
Cash burn (monthly) (positive/no burn) 2.38M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 2.79M n/a n/a n/a n/a
Cash remaining n/a 114.61M n/a n/a n/a n/a
Runway (months of cash) n/a 48.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

CTS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Thomas Michael White Common Stock Payment of exercise Dispose F No No 37.49 116 4.35K 3,040
18 Jun 21 Ashish Agrawal Common Stock Sell Dispose S No No 36.88 0.901 33.24 154,280
11 Feb 21 Costello Donna Common Stock Grant Aquire A No No 32.77 3,300 108.14K 3,300
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

CTS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

91.9% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 152 143 +6.3%
Opened positions 23 26 -11.5%
Closed positions 14 11 +27.3%
Increased positions 55 39 +41.0%
Reduced positions 48 54 -11.1%
13F shares
 Current Prev Q Change
Total value 1.46B 1.05B +39.4%
Total shares 29.8M 30.48M -2.2%
Total puts 7.9K 12.2K -35.2%
Total calls 1.8K 1.8K –
Total put/call ratio 4.4 6.8 -35.2%
Largest owners
 Shares Value Change
BLK Blackrock 5.31M $164.94M +5.4%
TROW T. Rowe Price 3.57M $110.86M -1.6%
Vanguard 2.12M $65.89M +3.1%
Wellington Management 1.85M $57.55M -36.0%
GBL Gamco Investors 1.58M $48.97M -6.1%
Dimensional Fund Advisors 1.56M $48.43M -3.9%
GS Goldman Sachs 1.15M $35.75M -10.5%
STT State Street 1.01M $31.47M +2.0%
ArrowMark Colorado 908.35K $28.21M -18.1%
NTRS Northern Trust 753.83K $23.41M -35.0%
Largest transactions
 Shares Bought/sold Change
Wellington Management 1.85M -1.04M -36.0%
Norges Bank 0 -436.1K EXIT
NTRS Northern Trust 753.83K -405.83K -35.0%
Assenagon Asset Management 403.07K +403.07K NEW
BLK Blackrock 5.31M +272.89K +5.4%
ArrowMark Colorado 908.35K -200.27K -18.1%
Brown Advisory 559.96K +194.75K +53.3%
Millennium Management 195.19K +142.29K +269.0%
DB Deutsche Bank AG - Registered Shares 160.34K +138K +617.8%
Royce & Associates 446.21K +136K +43.8%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Littelfuse • Stoneridge
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: aggregate, freight, growth, inflation, lieu, monthly, OEM, pro, rata, resin, restored, shipment, small, true
Removed: arrangement, discretion, distribution, exercised, experienced, grant, implicit, land, lease, present, principally, represent, secured, Supplemental
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
27 Jul 21
10-Q
2021 Q1
Quarterly report
29 Apr 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
24 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19

Current reports

View all
8-K
Other Events
3 Aug 21
8-K
July 2021 Investor Presentation
27 Jul 21
8-K
CTS Announces Second Quarter 2021 Results
27 Jul 21
8-K
June 2021 Investor Presentation
2 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
8-K
Declares a Dividend
13 May 21
8-K
April 2021 Investor Presentation
29 Apr 21
8-K
CTS Announces First Quarter 2021 Results
29 Apr 21
8-K
Departure of Directors or Certain Officers
27 Apr 21
8-K
CTS Corporation Announces Appointment of Donna M. Costello
12 Feb 21

Registration and prospectus

View all
S-8
Registration of securities for employees
26 Jul 18
S-8
Registration of securities for employees
18 Aug 14
S-8
Registration of securities for employees
27 May 09
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
8 May 07
424B3
Prospectus supplement
14 Feb 05
425
Business combination disclosure
30 Jan 05
425
Business combination disclosure
30 Jan 05
424B3
Prospectus supplement
26 Jan 05

Proxies

View all
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
PRE 14A
Preliminary proxy
19 Mar 20
DEFA14A
Additional proxy soliciting materials
4 Apr 19
DEF 14A
Definitive proxy
4 Apr 19
DEF 14A
Definitive proxy
4 Apr 18
DEF 14A
Definitive proxy
4 Apr 17
DEF 14A
Definitive proxy
6 Apr 16

Other

View all
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
15 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
22 May 17
SD
Conflict minerals disclosure
24 May 16
UPLOAD
Letter from SEC
23 Feb 16
CORRESP
Correspondence with SEC
7 Feb 16
UPLOAD
Letter from SEC
26 Jan 16
CORRESP
Correspondence with SEC
10 Jan 16

Ownership

View all
4
CTS / Thomas Michael White ownership change
2 Jul 21
11-K
Annual report of employee stock purchases
29 Jun 21
4
CTS / Ashish Agrawal ownership change
21 Jun 21
3
CTS / Thomas Michael White ownership change
29 Apr 21
SC 13D/A
CTS / GAMCO INVESTORS, INC. ET AL ownership change
23 Mar 21
4
CTS / KIERAN M O'SULLIVAN ownership change
16 Feb 21
4
CTS / Ashish Agrawal ownership change
16 Feb 21
4
CTS / Donna Costello ownership change
16 Feb 21
3
CTS / Donna Costello ownership change
16 Feb 21
SC 13G/A
CTS / PRICE T ROWE ASSOCIATES ownership change
16 Feb 21

Patents

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APP
Utility
Radio Frequency State Variable Measurement System and Method
8 Apr 21
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
GRANT
Utility
Advanced radio frequency sensing probe
12 Jan 21
A radio-frequency probe system with a transmitting or receiving element integrated into a cable assembly is disclosed.
APP
Utility
Vehicle Brake Pedal with Pedal Resistance Assembly and Force/Position Sensor
11 Nov 20
A brake pedal assembly comprising a pedal and a pedal resistance force member operably coupled to the pedal.
APP
Utility
Radio Frequency State Variable Measurement System and Method
21 Oct 20
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
GRANT
Utility
Radio frequency process sensing, control, and diagnostics network and system
12 Oct 20
A radio frequency sensing, control, and particulate matter diagnostics network and system and method and, more specifically, a radio frequency particulate filter diagnostics system comprising a housing including an inlet connected to a source of particulate matter, a particulate filter in the housing and adapted for filtering the particulate matter, and a radio frequency sensor adapted to detect conditions of abnormal particulate filter or system operation and including at least one radio frequency probe configured to be in contact with the housing for the particulate filter housing and adapted to receive radio frequency signals and a radio frequency control unit in communication with the radio frequency probe.

Transcripts

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2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
9 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
28 Apr 19

Reddit threads

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